Blogs & Articles

January 26, 2016

 

Under the 280E passed by Congress in 1982 businesses trafficking controlled substances  (schedule I & II) prohibited by Federal or State law shall not receive deduction or credit for expenses during the taxable year. Cannabis is considered a Schedule I controlled subs...

January 26, 2016

ReformCA strives to bring about change in our cities where the war on drugs is failing miserably. The 1920s alcohol prohibition failed in North America as rum-running took over and organized crime seized control of alcohol distribution. The widespread consumption of bo...

January 25, 2016

Marijuana Bans in California

 

200 deliveries and growing locations across the state of California are facing marijuana bans as a result of a drafting error by the California’s Assemblyman Jim Wood who crafted the Medical Marijuana Regulation and Safety Act, or MMRSA. Wo...

January 22, 2016

As litigation get’s passed and California gains momentum in the marijuana legalization efforts it’s pivotal that growers and dispensaries find a safe place for storing their money. Cash is dangerous in large amounts due to the illegal activity and crime that follows th...

January 22, 2016

United States Senate advocates Rand Paul, Kirsten Gillibrand and Cory Booker proposed bipartisan cannabis legislation known as the Compassionate Access, Research Expansion and Respect States Act (CARERS Act). The supporters of the bill are affiliated with the Carers ri...

January 1, 2016

The laws surrounding medical marijuana can be confusing. CTAS has created a brief guide to simplify some of the most important legislation that affects cannabis business. This includes IRC § 280E, California Prop 215, and California SB 420. The guide features informati...

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